The value of agricultural land increased by 23.4% from approximately $26.8 million to approximately $33.2 million.
Commercial and industrial land value increased by a modest 1.5%, a growth rate much slower than the 6.7% growth that property type experienced from the last valuation. The value of that type of land in the county is approximately $591 million.
Finally, residential property saw an increase of 25.4% from $734.2 million to $920.9 million.
Casey Edwards, the president of the Pueblo Association of Realtors, said that the valuation increases match what he sees in the local and statewide real estate market with an increase in home prices and multiple offers per property. He said he wouldn’t be surprised if the increase was higher than the number from the assessor’s office.
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